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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Pacific Grove & Beyond
Pacific Grove shares many of the great qualities that make California a desirable place to live.
California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.
There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.
With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.
Rental Market Trends
Pacific Grove, CA
As of June 2026, Pacific Grove's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Pacific Grove's average rent is 1.0% ($28) higher than the California average of $2,756 and 54.9% ($987) higher than the U.S. average of $1,797.
Average Rent
$2,784
Monthly ChangeMonth Over Month Change
8.7% ($223)
Yearly ChangeYear Over Year Change
3.8% ($103)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,188 | 6.3% ($130) | 10.1% ($245) |
| 2 Beds | $3,015 | 4.9% ($140) | 7.6% ($212) |
| 3 Beds | $5,126 | 0.3% ($16) | 2.1% ($108) |
| Nearby Cities | Average Rent | Avg. Rent vs. Pacific GroveAverage Rent vs. Pacific Grove | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Pebble Beach | $3,369 | 21% ($585) | 33 days |
| Monterey | $2,478 | 11% ($306) | 26 days |
| Seaside | $2,492 | 10.5% ($292) | 30 days |
| Marina | $2,337 | 16.1% ($447) | 28 days |
| Carmel | $5,341 | 91.8% ($2557) | 29 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Pacific Grove Rental Market FAQs
Explore rental prices, market trends, and availability in Pacific Grove, CA.
The average rent in Pacific Grove, CA is $2,784 per month.
Apartments in Pacific Grove typically rent for between $1,532 and $6,664 per month, with an average of $2,784 per month.
In Pacific Grove, the average rent for a 1-bedroom apartment is $2,188 per month, for a 2-bedroom apartment, $3,015 per month, and a 3-bedroom apartment is $5,126 per month.
The average rent in Pacific Grove is 54.9% ($987) higher than the national average of $1,797 per month.
The average rent in Pacific Grove has increased by 8.7% ($223) in the last month and increased by 3.8% ($103) over the past year.
The rental market in Pacific Grove, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Pacific Grove, CA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 26 rental properties available in Pacific Grove, CA.
Based on the current averages, a household would need an annual income of $120,600 to comfortably afford a 2-bedroom apartment in Pacific Grove.
